Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment
Reasonable configuration of equipment capacity can effectively improve the economics of wind-photovoltaic-battery hybrid generation system (WPB-HGS). Based on the current needs of investors to pay more attention to the economic benefits of WPB-HGS, this paper proposes a capacity configuration method...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-06-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/13/12/3046 |
| _version_ | 1797565435482210304 |
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| author | Bowen Yang Yougui Guo Xi Xiao Peigen Tian |
| author_facet | Bowen Yang Yougui Guo Xi Xiao Peigen Tian |
| author_sort | Bowen Yang |
| collection | DOAJ |
| description | Reasonable configuration of equipment capacity can effectively improve the economics of wind-photovoltaic-battery hybrid generation system (WPB-HGS). Based on the current needs of investors to pay more attention to the economic benefits of WPB-HGS, this paper proposes a capacity configuration method for WPB-HGS considering return on investment (ROI). A bi-level planning model for integrated planning and operation of WPB-HGS was established. The lower-level model optimizes the system’s operating status with the goal of maximizing the daily power sales of the system. The upper-level model plans the equipment capacity of the WPB-HGS with the goal of maximizing the annual net income and return on investment. The model is solved using adaptive weighted particle swarm optimization. According to actual engineering examples, the specific equipment capacity is configured, and the configuration results are analyzed to verify the effectiveness of the method. |
| first_indexed | 2024-03-10T19:13:07Z |
| format | Article |
| id | doaj.art-8058dbd0b586447bbc1a40e70d3aca05 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T19:13:07Z |
| publishDate | 2020-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-8058dbd0b586447bbc1a40e70d3aca052023-11-20T03:39:14ZengMDPI AGEnergies1996-10732020-06-011312304610.3390/en13123046Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on InvestmentBowen Yang0Yougui Guo1Xi Xiao2Peigen Tian3Department of Information Engineering, Xiangtan University, Xiangtan 411105, ChinaDepartment of Information Engineering, Xiangtan University, Xiangtan 411105, ChinaDepartment of Electrical Engineering, Tsinghua University, Beijing 100084, ChinaDepartment of Electrical Engineering, Tsinghua University, Beijing 100084, ChinaReasonable configuration of equipment capacity can effectively improve the economics of wind-photovoltaic-battery hybrid generation system (WPB-HGS). Based on the current needs of investors to pay more attention to the economic benefits of WPB-HGS, this paper proposes a capacity configuration method for WPB-HGS considering return on investment (ROI). A bi-level planning model for integrated planning and operation of WPB-HGS was established. The lower-level model optimizes the system’s operating status with the goal of maximizing the daily power sales of the system. The upper-level model plans the equipment capacity of the WPB-HGS with the goal of maximizing the annual net income and return on investment. The model is solved using adaptive weighted particle swarm optimization. According to actual engineering examples, the specific equipment capacity is configured, and the configuration results are analyzed to verify the effectiveness of the method.https://www.mdpi.com/1996-1073/13/12/3046wind-photovoltaic-battery hybrid generation systemreturn on investmentcapacity configurationbi-level planningparticle swarm optimization |
| spellingShingle | Bowen Yang Yougui Guo Xi Xiao Peigen Tian Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment Energies wind-photovoltaic-battery hybrid generation system return on investment capacity configuration bi-level planning particle swarm optimization |
| title | Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment |
| title_full | Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment |
| title_fullStr | Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment |
| title_full_unstemmed | Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment |
| title_short | Bi-level Capacity Planning of Wind-PV-Battery Hybrid Generation System Considering Return on Investment |
| title_sort | bi level capacity planning of wind pv battery hybrid generation system considering return on investment |
| topic | wind-photovoltaic-battery hybrid generation system return on investment capacity configuration bi-level planning particle swarm optimization |
| url | https://www.mdpi.com/1996-1073/13/12/3046 |
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